BlackRock MuniYield Quality Fund III (NYSE:MYI) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• BlackRock MuniYield Quality Fund III's stock price has crossed above its 200-day moving average, trading at $11.01 after reaching a high of $11.02.
• The fund has declared a monthly dividend of $0.0555 per share, which represents an annualized yield of 6.1% for shareholders of record as of September 15th.
• Institutional investors have increased their holdings in BlackRock MuniYield Quality Fund III, now owning 34.01% of the company’s stock, with notable investments from firms like PNC Financial Services Group Inc. and Raymond James Financial Inc.

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.57 and traded as high as $11.02. BlackRock MuniYield Quality Fund III shares last traded at $11.01, with a volume of 138,117 shares changing hands.

BlackRock MuniYield Quality Fund III Trading Up 0.4%

The firm has a fifty day moving average price of $10.57 and a 200 day moving average price of $10.57.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter worth about $131,000. Bard Financial Services Inc. lifted its position in BlackRock MuniYield Quality Fund III by 283.3% during the 1st quarter. Bard Financial Services Inc. now owns 57,500 shares of the investment management company's stock worth $632,000 after acquiring an additional 42,500 shares during the period. PNC Financial Services Group Inc. lifted its position in BlackRock MuniYield Quality Fund III by 196.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 79,326 shares of the investment management company's stock worth $872,000 after acquiring an additional 52,594 shares during the period. Raymond James Financial Inc. lifted its position in BlackRock MuniYield Quality Fund III by 19.6% during the 1st quarter. Raymond James Financial Inc. now owns 986,932 shares of the investment management company's stock worth $10,846,000 after acquiring an additional 162,048 shares during the period. Finally, Choreo LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter worth about $118,000. Institutional investors and hedge funds own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.

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